06/04/2023 Evening Reports

Many Products Will Be Closed To Transactions Tomorrow Due To Good Friday…

*Tomorrow, many products will be closed due to Easter / Good Friday. At the same time, non-farm employment data will be released tomorrow in the USA. Due to the fact that the data is announced when the market is closed, market pricing may be volatile at the opening on Monday.

*Industrial production data in Germany for February increased by 2%, exceeding expectations. Expectations were for an increase of 0.1%.

*The Federal Deposit Insurance Corporation (FDIC), the US Regulatory agency, announced that BlackRock will sell SVB’s $87 billion and Signature Bank’s $27 billion securities.

* According to the information in the weekly bulletin of the Banking Regulation and Supervision Agency (BDDK), exchange-protected TL deposit and participation accounts reached 1 trillion 701.1 billion TL from 1 trillion 603 billion TL last week.

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    Support Level: 1.0873 – 1.0822 – 1.0788 Resistance Level: 1.0935 – 1.0972 – 1.1033

    EUR/USD

    EURUSD – Priced at 1.0894 Level…

    After the rise in the parity to the level of 1.0972, the retreats experienced in the past day continue today. It is momentarily priced at 1.0894 levels. Let us remind you that there may be activity in the parity during the non-farm employment data to be announced in the USA tomorrow.

    In case the upside pricing strengthens again, the 1.0935 level may show resistance. In the continuation of the pullbacks, 1.0873 can be followed as support.

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    Support Level: 1998.35 – 1990.75 – 1982 Resistance Level: 2019 – 2035 – 2047.60

    XAU/USD

    XAUUSD Will Be Closed Tomorrow with Good Friday Reason…

    After the rise to the 2020 level, the pullbacks are having an effect in the Yellow Metal today. Continuing the pullbacks, sagging below the 2007.35 level was observed. In the continuation of the downward movements, the 1998.35 level may come to the agenda and be followed as support. In upward pricing, the 2019 level may show resistance.

    Nonfarm payrolls data will be released tomorrow. Additionally, Ounces of Gold will be closed for trading due to Good Friday/Easter. For this reason, data pricing can be volatilely reflected in the Monday opening.

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    Support Level: 83.94 – 82.47 – 80.90 Resistance Level: 85.56 – 87.88 – 89.36

    BRENT

    Brent – Will Be Closed Tomorrow Due to Good Friday…

    After announcing that oil production would be reduced at the OPEC meeting last weekend, after the gap opening at 84 at the beginning of the week, horizontal pricing continues between 84 and 85.50 levels. Instant pricing is around 84.63. In upward pricing, 85.56 level may be resisted. On the downside pricing, 83.94 can be followed as support.

    Let us remind you that tomorrow, Brent will be closed for trading due to Good Friday/Easter.

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